Ceded Re Technician

Munich Re; City Of London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading insurance provider is seeking a Ceded Re Technician based in London. The role involves assisting with reinsurance processes, ensuring compliance with regulatory requirements, and maintaining communication with brokers and stakeholders. Ideal candidates will have strong analytical skills, the ability to work flexibly as part of a team, and a focus on meeting customer needs. This is a full-time position with a supportive workplace culture.

Qualifications

• Ability to work cooperatively and flexibly with other team members.
• Strong oral and written communication skills.
• Proven ability to set and achieve challenging goals.
• Expertise in analyzing situations and diagnosing problems.
• Flexibility in handling various tasks effectively.
• Focus on meeting customer wants and needs.

Responsibilities

• Assist with quarterly Reinsurance close according to procedures.
• Ensure compliance with all regulatory requirements.
• Participate in meetings with brokers and stakeholders.
• Maintain accurate written records of all communications.
• Support in preparations for audits as needed.
• Assist with credit control related to claim recoveries.

Skills

Team collaboration

Clear communication

Goal setting and performance improvement

Analytical skills

Adaptability

Customer care

Job description

About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.

Role

Ceded Re Technician

We are currently looking for a Ceded Re Technician to be based in London on a full-time basis, reporting into the Ceded Re Insurance Recoveries Manager

Company

Munich Re Specialty - Global Markets

Location

London, United Kingdom

Responsibilities

• Assist with the quarterly Reinsurance close as per Syndicate’s Procedures Manual (Lloyd’s & Munich)
• Ensure all relevant regulatory requirements (Lloyd’s, Munich Re and FCA/PRA) are met;
• Attend RI/ Claims/ Underwriting and broker meetings/discussions as required;
• Collate recovery statistics where requested;
• Assist with the calculation and advice of premium adjustments as required;
• Keep written records of all substantive conversations with brokers etc.; both internal and external, in accordance with the firm’s procedures manual;
• Collate information for insurers’ and internal audits as and when required;
• Ensure that company procedures and systems are followed and maintained, as per procedures and compliance manuals.
• Assist with Reinsurance credit control in regard to Claim Recoveries.
• Help drive forward good Conduct for the business to deliver the best outcomes for customers / policyholders.

Knowledge and Skills

• Work cooperatively and flexibly with other members of the team with a full understanding of the role to be played as a team member.
• Communicate clearly, fairly and in a non-misleading manner, both orally and in writing.
• Get things done well and the ability to set and meet challenging goals, create own measures of excellence and constantly seek ways of improving performance.
• Analyse situations, diagnose problems, identify the key issues, establish and weigh up alternative courses of action and produce a logical, practical and acceptable solution.
• Adapt and work effectively in different situations and to carry out a variety of tasks.
• Take constant care in looking after the interests of external and internal customers. Ensure that their wants, needs and expectations are given due consideration and that all efforts are made to meet them wherever fair and reasonable, in line with any standards from an industry regulator.

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!